BWS Financial Maintains a 'Buy' on TRONOX (TROX); New Round of Price Increases for Start of 2012

BWS Financial maintains a 'Buy' on TRONOX (OTC: TROX) price target of $195.00.

BWS analyst, Hamed Khorsand, said, "In the two weeks after Iluka Resources announced a dramatic increase in rutile and synthetic rutile prices, Tronox (TROX) has issued a price increase of its own for TiO2...We believe the dynamics of the TiO2 industry has not changed. The new pricing schedule would suggest TROX expects demand to continue to outpace supply."

"TROX has been reporting numbers inline with our estimates affirming our valuation methodology and outlook for TiO2. There should be another wave of buying as investors start to understand the undervalued state of the shares when the fourth quarter results are released."

For an analyst ratings summary and ratings history on TRONOX click here. For more ratings news on TRONOX click here.

Shares of TRONOX closed at $119.00 yesterday.

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